Please RememberDon’t dump / go to BID this morning, right now we have the volume, the stock chart is showing a good upward trend. Bidders/buyers may start slow to see if they can suck in cheap shares, don’t fall into their trap.
Below is a shot of TMX Power Stream, look at Market Depth/Level 2, you can see the BID and ASK info. This stock most likely has the legs to hit $0.15 at travel horizontal between $0.11 - $0.15 we need discipline, we have the volume.
I can only suggest this as it is up to the individual but looking at Market Depth/Level 2 you can see some of the volume interested on the BID side, others not listed, are evaluating how the buying and selling is occuring, i.e. are people dumping during the day or at the end of the day, how fast is the stock rising, are people back filling, etc.
There is nothing more disappointing then when you buy or see a stock like this, example, you buy at $0.03 the ASK volume is 900,000 shares that volume is worked down to 100,000 shares and people add another 500,000 shares to make it 600,000 share that must be purchased to hit $0.035.
The people who just purchased 800,000 share wants to see share price go to the next level, existing share holders want the share price to rise also.
Why do stocks like AOS and CLL make it to a reasonable price, in part it is because the existing share holder want it and they don’t back fill in large volumes or any. They want their investment to increase and this is a plus for new buys and they will buy.
You can see this in the CLL chart below, in a typical day in the upward trend share price rose by $0.055, $0.07, $0.04 per day. Because the share holders controlled themselves reference back filling or they had no back fill.
Sorry TMX Power Stream would not show